"Reddit is looking to launch its own marketplace for non-fungible tokens, according to a job listing posted on Friday.
The social-media site is recruiting a senior engineer who will be tasked with designing, building, and shipping "backend services for millions of users to create, buy, sell and use NFT-backed digital goods."
™:reddit-logo:
So reddit's plan is to commit ritual suicide on the altar of investors via combining an NFT launch with its IPO as hype builder and going all-in on scamming its newly exploded WSB crowd.
The entire site will rapidly implode after they pump and dump the stock followed by massive monetisation changes that send the userbase desperately searching for alternatives.
I'm so ready for Reddit's demise.
Inshallah
It couldn't be any other way. Evolutionary fitness in capitalism is defined by next quarter's earnings, and they'll devour themselves in a red queen's race to increase their rate of profit.